Do a quick google search and you will find it (Arcadium Lithium...

Do a quick google search and you will find it (Arcadium Lithium - December 2024 results), please see snip below for your reference. I can't see where they breakdown profitability/loss per divison but regardless the overall lithium division based on the financial information supplied by the company has produced an overall loss. I believe March 2025, lithium pricing across the board (hydroxide or lithium carbonate) was even lower so I expect much the same for their March 2025 results. Most companies (whether it is brine or hard rocks are having to increase their production volumes significantly to try and squeeze out at best a marginal amount of profit to appease their investors, most are losing money or breaking even. These are large experienced companies and are operating at full production capacity or very close to (a lot more than 5kt per annum) and yet still can't make money for their shareholders due to this low lithium priced environment, will it be like this forever, of course not but how long will it take for the pendulum to swing is anyones guess. All, I said is if lithium prices remain where they are and Galan does 12 months of being in production at these current prices, then I expect an overall loss. This isn't a knock on Galan's project as even the largest and most successful lithium companies aren't making money at the moment (or marginal profit at best). I've said it from the start that Galan is a great long term project - great grades and size (assuming prices increase over the long run which in theory they should. I do think that JP isn't the right person to operate a fully fledged lithium company in production and I feel that shareholders profits and dividends won't be maximised under his leadership but that is just my opinion (some people agree and others don't), I don't really care. Cheers, CP.

I don't go off EBITDA as to me this is earnings before deducting nothing which companies use to dress up their figures (Warren buffett also thinks this metric is usless where there is substantial capex requirements aka a mining co such as Arcadium and I would agree with him and therefore the EBITDA figure is irrelevant. Anyone who disagrees with the above is disagreeing with one of the greatest investors of all time but I am sure some investors here at Galan will find a way to disagree (they know more than he does).

Fourth Quarter and Full Year Highlights Fourth quarter revenue was $289.0 million and reported attributable GAAP net loss was $14.2 million, or 1 cent per diluted share. Adjusted EBITDA1 was $73.7 million and adjusted earnings per diluted share was 1 cent. The increase in Adjusted EBITDA1 compared to the third quarter was largely attributable to higher volumes across all lithium products and reduced costs, partially offset by lower average realized pricing. Fourth quarter total volumes sold were 56% higher on an LCE3 basis versus the third quarter, but roughly flat versus the prior year, as customers close out their contractual commitments and demand needs during the typically active year-end in key end markets.